If TDS of any employee is not deducted and company filed the TDS return, what will be the consequences, when employee files his income tax return and pay taxe.
25 July 2012
as an employer prospects, while TDS assessment they will be attract penalty for non deduction of TDS the amount equal to TDS amount u/s.271C
The present system is that if an employee pays his tax liability himself and files Return of Income Tax well in time then Employer will not be fined. However, all depends on amount of tax.
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